The rules of the financial circle are bloody, a web of intertwined food chains.
Now, everything is on track, funds are pouring into each other in the market, looking at the latest information again, and going through all the information in his mind, Lei Hao knows that there is not much he can do.
The price, the time of entry, and the amount of energy have all been chosen, and Lei Hao has chosen the most appropriate mode of operation for his own funds, and the rest can only depend on whether the market will operate in the direction he wants.
The area where Thunder's investment department is located seems to be tense, with an endless stream of people coming and going, with a hint of expectation and eagerness on their faces, but it is inevitable that there are also worries, and Lei Hao can receive some emotional feedback from employees. "130,000 contracts."
"The Shanghai and Shenzhen stock markets are nothing, the most important thing is " "Nikkei 225 Must Fall" In the Yangcheng trading department, Xiang Yongze and others can still hold on, because the Shanghai and Shenzhen markets are no longer the battlefield where the winners and losers will be the first, and when the selling orders of Thunder in the Asia-Pacific market are caught, there is no doubt that the Nikkei 225, a highly leveraged market, has become the main battlefield.
And the people of Thunder faintly have a feeling of looking down on Taihe, Taihe is a behemoth in the eyes of others, but it is not a big deal in the eyes of everyone in Thunder, even if they lose the domestic market, they have the confidence to catch up with Taihe.
We can afford to lose, but we haven't lost, so why should we be afraid.
On Hong Kong Island, Leo and Tauriyu took on almost all the pressure.
When the selling order is caught, it actually proves that the bulls are in the Asia-Pacific region, and from another point of view, it can also be called the bulls' main force and feel that the Nikkei 225 market has a greater chance of winning.
Thunder's reputation in China is enough to wear down Taihe, but not in the Asia-Pacific market.
"Wait-and-see funds, wait-and-see funds must let them see the chance to win" "Mizuho doesn't have as much money as we do" "No, it's Mizuho who doesn't have the courage to do it."
In the financial market, it is not that you win if you have more money, just like the battle of the RMB exchange rate, the Thunder does not have enough money to deal with the shorts, but the other party retreats, and the Thunder wins.
There are really too many places to consider in the securities battle, you have 10 billion, do you dare to throw them all in, do you dare to be so 11 billion, 12 billion, or even 20 billion, who knows how much money your opponent has.
Thunder's weakness lies in their lack of background, but from another point of view, Thunder dares to invest as much as they have, and Mizuho doesn't dare.
You can use 10 billion to prop up the Nikkei 225 index, but any more will affect other places, such as stocks, options, commodity futures, and even the operation of the institution itself.
Besides, positions represent risk, and risks are proportional to returns and losses, and in financial history, large institutions have exposed their positions too much, and the results have been mixed, such as the subprime mortgage crisis.
Overall, Thunder and Mizuho are evenly matched, and it is third-party funds that determine their victory or defeat, which can also be called the market.
Third-party funds do not dare to enter the market casually, institutional investors actually prefer risk-free technical arbitrage, when the situation is clear, a large number of people rush to raise funds to cause the market to slide quickly one-way, in fact, it is also a kind of technical arbitrage. 2o thousand. 3o thousand. 4o thousand. 5o thousand On the Nikkei 225 index futures, Thunder's open interest is soaring, indicating that the severity of the long-short divergence is also intensifying.
However, everyone knows that this kind of open interest will not last, although there are three major markets in the Nikkei 225, and it is strange that regulators in Singapore, Japan and the United States do not jump out to investigate when the total market holdings are too exaggerated.
Therefore, whether the Nikkei 225 index is up or down, in fact, it will be known this afternoon, and regardless of whether it rises or falls, both long and short sides will look for a suitable price to close their positions before closing.
In this case, the Thunder actually has another way to go "Drag Keda to them, I can't agree to their conditions" "Index futures can't accommodate it, then options, CFD can be, tell them, I want to use their channels, let them polish their eyes, I want Mizuho's buying, the same price below, I want Mizuho's buying" In the securities market, the most profitable is, of course, options, sometimes 1oo yuan of options to earn 10,000 yuan is not a strange thing, but options are products that are fully obligated to the seller, so its trading volume has not been large.
The Hong Kong Island market is the most mature market for options products, but its trading volume is not large, and it cannot accommodate tens of billions of dollars of hedging at all.
In this case, a lot of hedging is extended to the OTC, for example, two clients of a large institution, each other has money in the institutional account, and then they are long and the other is bearish, and the institution can match them to sign a contract, lock in the account margin, and then earn a commission.
Many operations in the financial circle are carried out over-the-counter, and sometimes, the on-site is only the operation of the remaining power of the long and short sides after the end of the over-the-counter hedging, which can also be called residual funds.
Over-the-counter hedge 1oo billion, the bulls have no money, the shorts still have 1o billion, whoever wins is of course the bears win.
But the bull has no money, there are securities, he can buy with financing, he can also get rid of the over-the-counter position at a loss, withdraw funds into the market to hedge again, and turn around, the bears face this situation, either deal with it in the same way, or compromise, harvest a profit and then exit the market.
Add to that the myriad of third-party funding, and the complexity of the financial markets is unmistakable.
What Lei Hao wants is a position, as long as there are large institutions that use various funds to protect the expected returns of these contracts, he actually doesn't care.
At this point in time, only Mizuho will have a crazy hedge with the Thunder, and if you can't go on the field, then everyone will go off the field.
"Thunder is ready to hold the position overnight" "Crazy guy, he's not ready to close the position that day, and damn it, Ray is really stingy with equity."
"For the time being, we can only choose whether to enter or not, and if we are lucky, maybe the Thunder will come out with a little bit."
By now, Nick and the others can understand Lei Hao's attitude, and they want to keep their positions overnight when they conduct over-the-counter transactions, judging from this attitude, Thunder does not intend to compromise with Keda and them, at least there will be no opportunity to negotiate before things change.
The situation became clear, Lei Hao wanted to hold the securities overnight, and the risk exposure was huge, which showed that he was not small in confidence, if there were no other changes, the small coercion of the four foreign-funded institutions in the early stage would be simply illusory.
But the opportunity is not impossible, the Thunder does not accept the conditions of the four institutions, what about the bull Mizuho, what will he do, if the market changes, everyone still has to make money.
"Unfortunately, you won't have a chance."
Seeing that his position continued to rise, Lei Hao was reassured
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